Asked by Alejandro Vidal on Feb 18, 2024

verifed

Verified

Franchising can be a beneficial way for entrepreneurs to get a head start in launching their own businesses since they do not have to pay the franchisor royalties after buying the franchise.

Royalties

A share of the income of a business paid by a franchisee to the franchisor.

  • Recognizing the potential benefits of franchising for entrepreneurs.
  • Identifying the financial advantage of not having to pay royalties to the franchisor.
  • Understanding the concept of franchising as a business model.
verifed

Verified Answer

CD
Clarissa Deluna

Feb 18, 2024

Final Answer :
False
Explanation :
This statement is false. Franchisees typically have to pay ongoing royalties to the franchisor, which can vary in amount and frequency.